Perp DEXs become the latest battleground for blockchains

In crypto’s latest infrastructure race, blockchai

Perp DEXs become the latest battleground for blockchains

Perp DEXs become the latest battleground for blockchains

In crypto’s latest infrastructure race, blockchains are competing to host perpetual futures exchanges. Many are now launching or incubating decentralized derivatives markets themselves, even as centralized platforms continue to dominate.

Bitcoin’s derivatives volume consistently exceeds spot volume. Source:
Aster is second in perp DEX rankings behind Hyperliquid. Source: DefiLlama
Aptos recently got its own perp DEX as Decibel went live. Source:
Deribit leads the crypto options market for Bitcoin and Ether. Source:
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